1. The E-Invoice Verifier App developed by GSTN, has been introduced which offers a convenient solution for verifying e-Invoices and other related details. GSTN understands the importance of efficient and accurate e-invoice verification, and this app aims to simplify the process for your convenience. 2. E-Invoice Verifier App – Key Features and Benefits: i. QR …
Attention is invited to the Instruction No. 02/2022-GST dated 22nd March, 2022, wherein a Standard Operating Procedure (SOP) was provided for scrutiny of returns under section 61 of Central Goods and Services Tax Act, 2017 (hereinafter referred to as “the CGST Act) read with rule 99 of Central Goods and Service Tax Rules, 2017 (hereinafter …
STANDARD OPERATING PROCEDURE FOR SCRUTINY OF RETURNS FOR FY 2019-20 ONWARDS Read More »
Finance Act 2023 inserted a new section 194BA in the Income-tax Act, 1961 (hereinafter referred to as “the Act”) with effect from 1°t April 2023. The new section mandates a person, who is responsible for paying to any person any income by way of winnings from any online game during the financial year to deduct …
A special procedure is notified through which a registered person, whose registration has been cancelled under clause (b) or (c) of sub-section (2) of section 29 of the MGST Act on or before 31st day of December, 2022, and who has failed to apply for revocation of cancellation of such registration within the time period …
AMNESTY SCHEME FOR REVOCATION OF CANCELLATION OF GST REGISTRATION Read More »
Disruption in the economy: The immediate consequence would be a disruption in the circulation of currency. People who possess 2000 rupee notes would need to exchange them for smaller denominations, potentially causing short-term inconvenience and confusion in the economy. Impact on cash-dependent sectors: Certain sectors that heavily rely on cash transactions, such as small businesses …
CONSEQUENCES OF WITHDRAWING RS 2000 NOTES FROM CIRCULATION Read More »
